As tensions escalate in the Strait of Hormuz following the Iran-Israel conflict, credit rating agency ICRA has warned that any…
Tag: Oil
Biofuel prices jump as Israel-Iran conflict drives hunt for oil alternatives
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
Can crude oil prices really double? Let’s look at the worst-case scenario
As the Middle East slides into its most dangerous flashpoint in years, doomsayers warn that Brent prices could surge past…
Gas prices to increase ‘modestly’ despite recent oil volatility
Gas prices could go up modestly in the coming weeks, given Friday’s 7% oil price spike on the heels of…
Global oil supplies forecast to outstrip demand this year despite Middle East war
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. The…
Oil prices rise as Iran-Israel conflict fans supply worries
Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged “everyone” to evacuate…
Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease
NEW YORK (AP) — Calm returned to Wall Street on Monday, and U.S. stocks rose, while oil prices gave back…
ONGC, Oil India shares gain up to 3% as Israel-Iran conflict drives crude higher; drag on refiners, tyre makers
Shares of state-run oil producers Oil and Natural Gas Corporation (ONGC) and Oil India rose up to 3% on Monday,…
Oil price falls back as flow of crude through Strait of Hormuz unaffected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
oil market: Shipping costs and risk premiums likely to keep crude prices elevated: Arvind Sanger
“So, either Kharg Island for Iran or Strait of Hormuz if either one of those get attacked, then you could…